The client list was sold to Gain Capital and existing clients were directed to Gain's retail service forex. On April 21, , Deutsche Bank said it would exit the retail forex trading business and announced the dbFX client database would be sold to Gain Capital and the clients will be transferred to Gain's retail brand forex. We'd like to inform you that from Friday 13 May , Deutsche Bank will no longer provide dbFX, its online FX trading platform for individuals and small institutions.

This was completed and the business was shut down on May 17, Although Deutsche Bank did not go into much detail to explain why it was shutting down the business, it is likely that they failed to attract the numbers of retail clients they had expected. This was at a time when forex trading regulations in the US and elsewhere were getting stricter, which may have been seen as a risk for its wholesale forex business.

At the time of closure, Deutsche Bank was the largest wholesale forex trader by market share in the world [4] but the retail service was provided by a third party under a white-label agreement and so did not use the prices and infrastructure of its wholesale forex business, which likely contributed to its failure.

An Introducing Broker Program was also offered to those looking to introduce self-directed and managed accounts to dbFX. Features included integrated charts, hedging with no FIFO restrictions, different order types, real-time account summary and hour reporting.

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